Fully leased plaza to a variety of professional and service-based tenants and recently anchored by a Montessori just beginning a 10-year lease. The property has a 6.2 year weighted average lease term, and the Buyer has the opportunity to increase rental value through lease escalations or for a user to occupy a portion of the building as leases turnover. Vendor previously received approval to develop 14 townhomes and 1 detached house. Situated on 1.04 acres of land within proximity of Mount Joy GO station.
MLS# | N9395463 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Sold Conditional |
Days On Site | 98 |
Listing Provided By | COLLIERS | Not Provided |
SQ Feet | 20,211 |
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Acreage | 0.46 |
State | ON |
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County | York |
City | Markham |
Zip Code | L3P 4C8 |
Area | Markham Village |
Listing VS Median (in L3P 4C8) | |
Price: $7,150,000 low | high Med: $7,150,000 SqFt: 20,211 low | high Med: 12,690 $ / SqFt: $354 low | high Med: $563 On Site: 98 low | high Med: 98.000000 |